ViperrepiV

I was thinking that if the S&P 500 drops below 900 again, it will be a good opportunity to buy an index fund. I was thinking either ishares S&P 500 index ETF (Ticker: IVV) or the Vanguard 500 mutual fund (Ticker: VFINX). I would probably lean towards the ishares because it has a lower expense ratio (0.09 vs 0.15).

Thoughts?

doopstr

It's probably a good time to get in but there is a lot of beat up stock out there. With a little bit of research you could get much better returns in stock of good companies compared to the index.

Don't drop in all your cash at once, spread it out over multiple quarters in case the downturn is not over.

I buy VFINX every couple weeks in my 401k.

Dr. Colorado

My financial advisor recommended I buy more shares index 500 last week. I split the allocation 3 ways between index 500, mid-cap index fund VIMSX, and the tax-managed capital appreciation fund VMCAX. He also recommended dollar cost averaging monthly in equal amounts into these 3 funds for the next 6 to 12 months depending on market conditions. I have vanguard for my personal investments. My pension plan/401 K is with fidelity. PM if you have more questions.